However, Sears and Kmart are not the only chains to announce they will be shutting down stores this year. Macy's also released a statement saying they plan to close 68 stores, resulting in layoffs for more than 10,000 workers. Last year, Macy's made headlines after they reported they would close 36 stores.

While we're certainly sad to see these stores go, especially because their closure means hundreds of employees will potentially lose their job, the inevitable sales may be hard to pass up, even for those who made a pact to spend less and save more this year.